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This publication is available at https://www.gov.uk/government/publications/community-investment-tax-relief-citr/community-investment-tax-relief-citr
The Community Investment Tax Relief (CITR) scheme encourages investment in disadvantaged communities by giving tax relief to investors who back businesses and other enterprises in less advantaged areas by investing in accredited Community Development Finance Institutions (CDFIs).
The tax relief is available to individuals and companies and is worth up to 25% of the value of the investment in the CDFI. The relief is spread over 5 years, starting with the year in which the investment is made.
More information about the scheme can be found in the Community Investment Tax Relief manual (CITM). This manual is likely to be of most use to tax practitioners and those working within CDFIs.
Guidance is also available on how to calculate the de minimis aid for companies.
Guidance for investors
The CITM has a brief guide for investors intended to help individuals who may be considering investing under the scheme.
Help Sheet (HS237) is available to help individuals claiming the relief.
CDFIs seeking accreditation
The CITR scheme is administered jointly by HM Revenue and Customs and the Department for Business, Innovation and Skills (BIS). The BIS website includes information on the processes involved for CDFIs seeking accreditation under the scheme.
Tax relief certificate
Once a CDFI has received a suitable investment it should issue the investor with a tax relief certificate.